一国收入的衡量讲义.ppt

* * DISCLAIMER: The material on this slide is not supported with test bank or study guide questions. * DISCLAIMER: The material on this slide is not supported with test bank or study guide questions. Source: * * This graph replicates Figure 3 from this chapter. The figure is constructed using quarterly data from the U.S. The nominal interest rate is the rate on a three-month Treasury Bill. The real interest rate is the same, minus the inflation rate as measured by the percentage change in the CPI. Notice that the nominal and real interest rates often do not move together, indicating that the real interest rate varies over time. Sources: CPI – Bureau of Labor Statistics Treasury bill rate – Board of Governors of the Federal Reserve System. I obtained both from the Federal Reserve Bank of St. Louis “Fred” database: /fred2/ * If your students already know the terms “factors of production” and “factor payments,” you may wish to delete the “preliminaries” from this slide. * This and the following slide build the Circular-Flow Diagram piece by piece. * In this diagram, the green arrows represent flows of income/payments. The red arrows represent flows of goods services (including services of the factors of production in the lower half of the diagram). To keep the graph simple, we have omitted the government, financial system, and foreign sector, as discussed on the next slide. Changing the animation on this slide: If you wish, you can easily change the order in which the markets and arrows appear. From the “Slide Show” drop-down menu, choose “Custom Animation…” Then, a box will appear (maybe along the right-hand-side of your PowerPoint window) that allows you to modify the order in which things appear (as well as other aspects of the animation). For further information, open PowerPoint help and search on “change the sequence of animations.” * In future chapters, we will study the role of each of these in greater detail. We could dra